Energy and resource efficiency should become an economic priority for the UK, report suggests
Energy and resource efficiency should become a major economic priority for the UK, a new report from Policy Connect has been able to reveal.
The report warns that the growing global middle class will put pressure on resources, and that the UK manufacturing sector will need to respond to this to survive.
It suggests that in areas such as clean technologies, eco-design and new business models, the UK is well placed to be a world leader and to take advantage of the growing market for more sustainable goods and ideas.
While serving environmental objectives, a sector-wide focus on productivity gains through energy and resource efficiency should be regarded as an economic priority with the global market for sustainable business operations expected to reach $1.5 trillion to $4.5 trillion by 2020.
Conservative estimates suggest that the UK could gain through energy and resource efficiency around £10 billion per year plus 300,000 jobs and a 4.5% reduction in annual greenhouse gas emissions.
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